In today’s spending review it has been announced that £900million has been allocated to HMRC in an attempt to attack tax evasion. It is anticipated that this will generate an additional £7billion in tax. Invariably, VAT evasion will be a key area of the investigations which will be funded by this additional spending. It is to be hoped that businesses which do fraudulently evade VAT are caught and dealt with. However, experience has proved that entirely innocent parties may become involved in such investigations, so it is important that everyone is very careful. The consequences of getting it wrong range from heavy financial penalties to a prison term.
Now is the perfect time for a business to have its VAT procedures reviewed for peace of mind. Spotting errors before the VAT man does is increasingly important.
Additionally, should you be the subject of a VAT inspection or investigation, I cannot urge you enough to contact a VAT specialist as soon as possible. Experience insists that the early involvement of an adviser can avoid or mitigate very unwanted attention. The best defence is to ensure that a business accounts for VAT correctly. “Right Tax, Right Time” has never been so important.
Marcus Ward, VAT Director - Price Bailey Accountants.
SACC Breakfast Event with Guest Speaker Tim Hawkins, London Stansted Airport
by julie
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Stansted Airport Chamber of Commerce and Essex Chambers of Commerce Breakfast at Weston Business Centres CM22 6PU
7th July 2011, 08:00 - 09:30
Venue details:
Weston Business Centres,The Stansted Centre,Parsonage Road,Takeley, CM22 6PU
Agenda:
08:00 Registration and breakfast
08:40 Guest Speaker Tim Hawkins, London Stansted Airport's new Planning and Regulation Director.
08:50 Presentation commences
09:15 Questions & Answers
09:30 CLOSE
We would like to invite you to the first in a set of Stansted Breakfasts for this year. Our first breakfast meeting will be held at Weston Business Centres, in conjunction with the Essex Chambers of Commerce, and our Guest Speaker for this event will be Tim Hawkins, London Stansted Airport's new Planning and Regulation Director.
Tim will be speaking about the preparations for the Olympics, and planning and preparation for the future of the airport.
So come along and hear the latest from the airport, take part in the usual networking opportunities and enjoy the breakfast provided.
Cost to attend: £15.32 for SACC Members, £25.53 for Non-Members. Prices include VAT.
If you would like to book to attend this event, please
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or telephone Julie Budden on (01279) 87 00 64.
We require 2 days notice of bookings prior to the event to ensure your details appear on our attendance list.
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